03 Mar 2026

Merlin Properties reported total revenues of EUR 565 million for 2025, alongside an EBITDA of EUR 416 million, up nearly 10% year-on-year. The company generated FFO of EUR 327 million, or 58 cents per share, reflecting a 5.1% increase from the prior year. A dividend of EUR 0.44 per share has been proposed from 2025 results. With a stable FFO outlook for 2026, Merlin Properties continues to demonstrate strong operational performance and effective management of its commercial real estate portfolio, maintaining both revenue growth and shareholder returns amid steady market conditions.Read more

03 Mar 2026

Melbourne Airport has announced a USD 4.5 billion expansion of its international terminal following record passenger growth. The airport recently handled more than 1.26 million international travellers in a single month, the highest in its history. The project will expand check-in, baggage claim and border processing areas, add five new gates and additional aircraft stands, and increase lounge and retail space. Planned in stages, the development will be privately funded and delivered while the airport remains operational, aligning with broader infrastructure upgrades including the third runway.Read more

02 Mar 2026

Turkey has signed preliminary financing agreements worth USD 6.75 billion with six international institutions for the Northern Ring Railway Project, marking the country's largest foreign-funded rail investment. The 125 km corridor will run from Gebze to Halkali via the Yavuz Sultan Selim Bridge, linking Istanbul's two major airports and strengthening rail connectivity between Asia and Europe. Designed to carry 33 million passengers and 30 million tonnes of freight annually, the project aims to address capacity limits currently faced at the Marmaray tunnel crossing.Read more

02 Mar 2026

Neinor Homes SA reported a fiscal year total revenue of 697.5 million EUR, EBITDA of 110.3 million EUR, and net income of 123.4 million EUR, reaching the high end of its guidance. Strong performance was supported by a strategic M&A transaction, reflecting the company's focus on high-end residential development and disciplined financial management. These results underscore Neinor Homes continued market strength and strategic execution in Spain's housing sector.Read more

02 Mar 2026

Murakami-linked shareholders have reduced their stake in Heiwa Real Estate Co to 8.33 % from 9.38 %, according to recent regulatory filings. Heiwa, listed in Tokyo, operates in property leasing and development and has shown steady profit growth with an upgraded full-year earnings forecast and higher dividend guidance. The stake reduction appears to be a strategic portfolio adjustment. Interest in Japan's real estate remains strong due to favorable yields and currency conditions, with the move reflecting measured investment management rather than concern over the company's performance.Read more

02 Mar 2026

Summit Hotel Properties Inc has filed for a mixed shelf program to raise up to USD 500 million, allowing issuance of equity, debt, or other securities. The move is aimed at strengthening the company's financial position, supporting acquisitions, refinancing debt, and funding operational growth. The filing reflects Summit's approach to capital flexibility and strategic portfolio management. By leveraging market opportunities, the company plans to remain adaptable amid changing hospitality market dynamics and travel patterns.Read more

02 Mar 2026

Morguard Corp has entered a strategic partnership with TD Asset Management, acquiring a USD 1.0 billion stake in a USD 5.0 billion multi-suite residential portfolio. The deal is expected to deliver immediate benefits to Morguard and its residential REIT. The portfolio spans key Canadian markets and adds scale to Morguard's existing residential holdings. The collaboration aims to combine Morguard's operational expertise with TD Asset Management's institutional experience, enhancing portfolio performance and tenant services. This move aligns with Morguard's long-term strategy of growing high-quality residential assets and stabilizing income streams.Read more

02 Mar 2026

VICI Properties has lowered its 2026 adjusted FFO forecast, expecting USD 2.42-2.45 per share, below analysts USD 2.52 per share estimate. Weak demand, inflation, rising costs, and increased competition in the hospitality and entertainment real estate sector are affecting growth and margins. For the fourth quarter, AFFO came in at USD 0.60 per share, slightly under analyst expectations, while revenue rose to USD 1.01 billion from USD 976.1 million a year earlier. The company's sale-leaseback model continues to support immediate income.Read more

02 Mar 2026

John Lewis Partnership has decided to withdraw from its build-to-rent (BTR) property business, citing a fundamental change in the economic conditions that originally supported the venture. The employee-owned retailer entered the residential rental segment in 2020 as part of a diversification strategy aimed at reducing reliance on retail revenues. However, higher borrowing costs, weaker investment returns and increased construction expenses have made the business model unviable in the current environment. The decision forms part of a broader strategic reset under executive chair Jason Tarry, with the group refocusing on its core retail operations, including John Lewis department stores and Waitrose. While no homes were ultimately built, the partnership progressed several planning applications and managed third-party rental properties during its brief foray into the sector.Read more

02 Mar 2026

Vietnam's large-scale infrastructure investments, valued at roughly USD 200 billion, are projected to raise the country's fiscal deficit to 4.2% of GDP this year and increase public debt from 33% of GDP. Moody's Ratings expects the debt to remain lower than regional peers. Banking reforms under To Lam aim to reduce exposure to real estate, where loan growth had surged to 42% by late September. Vietnamese banks maintain low capital buffers with a Tier 1 ratio of 9%, prompting Moody's to advise state-owned banks such as BIDV and VietinBank to strengthen their capitalization.Read more